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The question

Is it permissible to subscribe to the optional social insurance system for expatriates announced by the Yemeni government, which provides a retirement pension at the age of 55 or for children after death, in exchange for monthly, quarterly, or annual installments equivalent to 15% of the desired pension amount?

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Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 20261 min readAlso available in العربية
The answer

If the insurance is commercial, then it is not permissible to participate in it due to the elements of jahalah (uncertainty) and muqamara (gambling) it contains. However, if it is cooperative and based on mutual solidarity (takaful), then there is no harm in it.

Summarized from the full answer at Ftawy · imported

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Where this answer came from
Source platform
Ftawy
Original fatwa ID
82419
Imported
Translation status
Source text, unreviewed
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